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Old 03-06-2011, 07:59 AM
 
11,144 posts, read 15,913,881 times
Reputation: 29687

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[quote=irishspy;18148054]Isn't the trick to it is win a certain amount each day and leave the casino. Small bites such as $50.00 to $100.00 a day. I do not believe making a living gambling is possible but some suppliment to ones income is possible especially playing cards with the amount of tourist playing? Are there any retired people who help suppliment their income doing this?[/quote]

Yes, I do.

Well, in actuality, although I play poker several times a week, I do so for the entertainment, not specifically to supplement my retirement income, but the effect is the same. In fact, one of the reasons that I retired to Las Vegas was to play poker here.

I keep detailed records of all my poker sessions and so far have never had a losing month. Now granted, some months are much better that others, while in December I only managed to eek out a $49 profit --- and even that was only due to the fact that I won $370 on December 30th --- but it still counts as a winning month, lol. I had four straight losing sessions from Dec. 8 - 18 when my losses were (-$600), (-$91), (-$600), and (-$400), so I don't want to give the impression that I can just sit down at a table and guarantee that I will supplement my income that day, but over the long-term (well, 1yr anyway), it has worked out that way.
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Old 03-06-2011, 10:43 AM
 
32 posts, read 83,177 times
Reputation: 35
First of all, you nor Robustus no what your talking about. You completely rely on the mentality that you can't win and the odds are against you. That's crap. I've been doing it over a year here so how can you say that you can't make a living at it. I spend 3-4 hours a day, 5 days a week and win 4 out those five days-$200 plus/minus day = $800 plus/minus profit a week as s/l is less. Now that's not alot of money to some but it sure beats digging ditches, flipping burgers. Yes its entertainment but you must treat it as a business. Some days seem to take forever but hey, I would do this any day as to punching a clock. Again, Hit and Run 'IS' the key and again you don't know what you are talking about. Yes you may win your win/stop today and lose it tomorrow but its always less because of the stop/loss. You DO need a betting pattern and strategy, again you don't know what you are talking about. I said play solid basic BJ strategy with w/l, s/l, and betting pattern, not basic statistics. Statistics are for people like you who never play the game and only post cuz you lose playing for entertainment. Who didn't finish school here? I think you are the one. You need to quit listening to all the so-called know it alls (and yourself)!

Quote:
Originally Posted by fremontfred View Post
You should be thankful that you are being slammed online where there is no money involved instead of being slammed for your last remaining dollars at the casino. Your view on casino gambling is completely misguided and I am always amazed when I find people who can't comprehend basic statistics. Are you still in school? Did you drop out at some point?

Hit and run is not the key to winning. It makes no difference at all. If you win today and quit ahead and then return tomorrow to play, how is that any different than if you had played a longer session today? You may as well view all of your gambling sessions over your entire lifetime as one single long session because as far as the odds are concerned, it is. You are fooling yourself if you believe differently.

There are no such things as betting patterns or systems. Every individual bet has a fixed house edge. In 3/2 blackjack it is around 2%, in roulette every spin has about a 5% house edge. It makes no difference if you double your bet after a loss or reduce your bet after a big win. Each time the cards are dealt or the wheel is spun is an independent event with no statistical relevance to anything that happened before. Betting the same amount each time is will result in the same expected return as increasing and decreasing your bets in a consistent amount.

Treat it as a business and not entertainment? Please tell me you are kidding. Gambling is entertainment and like any other form of entertainment you have to pay for it. You can win, but the likelihood that you will finish with more than you started with decreases with each additional bet that you make.

Please read ♠The Ten Commandments of Gambling - The Wizard of Odds and get a clue before you end up on welfare or jumping from the Cosmo after you lose everything.



Most of the tournaments that cost under $100 to enter have such a high house vig that they are unbeatable in the long term even by professionals.
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Old 03-06-2011, 11:01 AM
 
Location: Henderson, NV
7,087 posts, read 8,588,812 times
Reputation: 9978
HAHAHA I really hope this guy is a troll.

Dude, you should listen to the other posters here, statistics aren't opinions. We could sit here all day arguing whether Inception is better than The King's Speech, because that's just opinion and personal taste, but when we're talking about statistics, THERE IS NO PERSONAL TASTE! Haha. You cannot beat the system in the long run. You could certainly end up winning money in your life playing black jack, if you happen to play every 2 years or so and your sample size is so small that in your entire life you've only played about 16 times, sure, you could end up a net winner. But if you play regularly, you will lose in the long run. That is a fact. It is not anyone's opinion here, it's not us telling you what we think, it's just a simple mathematical fact.
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Old 03-06-2011, 11:07 AM
 
Location: Beautiful Upstate NY!
13,814 posts, read 28,401,907 times
Reputation: 7615
The more times you flip a coin...the closer it gets to 50% heads, 50% tails.
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Old 03-06-2011, 11:09 AM
 
Location: Henderson, NV
7,087 posts, read 8,588,812 times
Reputation: 9978
Exactly. If the odds are 52% to 48% in favor of the house for blackjack (on the best tables with the best rules and the best player, etc.), then after enough hands, the house will be winning 52% of the time. That's just how statistics work. But I guess our friend here doesn't understand that.

Clearly, JFK, if we just start thinking about the whole thing more like a business, that will actually alter the mathematical laws of the universe! With this new knowledge, I am going to turn professional and start playing blackjack for a living. All of my troubles are gone!
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Old 03-06-2011, 12:31 PM
 
Location: SW Las Vegas
50 posts, read 194,022 times
Reputation: 114
Quote:
Originally Posted by Robustus View Post
You DEFINITELY did (and apparently still do) need to be slammed. You're concepts surrounding gambling are idiotic at best, and you're considering acting on them! Now go read fremontfred's post again - he said everything I was going to say (except he was a little nicer than I was going to be. :-) ).
Since you said the OP needs to be slammed, I'll return the favor for your not knowing the difference between "you're" and "your." Fair is fair.
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Old 03-06-2011, 01:38 PM
 
351 posts, read 834,849 times
Reputation: 197
[quote=MadManofBethesda;18155448]
Quote:
Originally Posted by irishspy View Post
Isn't the trick to it is win a certain amount each day and leave the casino. Small bites such as $50.00 to $100.00 a day. I do not believe making a living gambling is possible but some suppliment to ones income is possible especially playing cards with the amount of tourist playing? Are there any retired people who help suppliment their income doing this?[/quote]

Yes, I do.

Well, in actuality, although I play poker several times a week, I do so for the entertainment, not specifically to supplement my retirement income, but the effect is the same. In fact, one of the reasons that I retired to Las Vegas was to play poker here.

I keep detailed records of all my poker sessions and so far have never had a losing month. Now granted, some months are much better that others, while in December I only managed to eek out a $49 profit --- and even that was only due to the fact that I won $370 on December 30th --- but it still counts as a winning month, lol. I had four straight losing sessions from Dec. 8 - 18 when my losses were (-$600), (-$91), (-$600), and (-$400), so I don't want to give the impression that I can just sit down at a table and guarantee that I will supplement my income that day, but over the long-term (well, 1yr anyway), it has worked out that way.
The same goes for me. I play for fun, but it wouldn't be fun if I ended up negative in the long run. I've had 3 positive years-& that's fun!
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Old 03-06-2011, 01:52 PM
 
Location: Henderson, NV
7,087 posts, read 8,588,812 times
Reputation: 9978
[quote=vegaslocal55;18159210]
Quote:
Originally Posted by MadManofBethesda View Post
The same goes for me. I play for fun, but it wouldn't be fun if I ended up negative in the long run. I've had 3 positive years-& that's fun!
Agreed. That's how I feel too. Sure, I play for fun, and I will be the first to admit I haven't made very much money online, but it's about the percentages and about winning for me. I've only made about $650 online playing Hold 'Em. But I'm proud of that because I only put in $20 and turned that into $670 over years of playing for fun here and there. I usually go through phases, 6 months or so without playing at all, then a few weeks of playing a lot, then I take a break again. It just depends. It would not be fun for me to lose, though. If I had to keep putting money back into that account, I would just feel like I was wasting money. GOOD play is what makes the game fun for me, and good play means over the long run, you're making money. I haven't ever risked much, obviously my $650 in winnings isn't very much money at all, but it is satisfying at least to know I'm beating the game and getting entertainment value out of it as well.
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Old 03-06-2011, 04:39 PM
 
Location: In the Silver State of Nevada in Las Vegas NV
1,062 posts, read 1,801,179 times
Reputation: 925
Not trying to stir the pot (no pun intended) more but playing cards in a poker room such as Texas holdem or seven card stud and etc the chances of winning changes every day because the players change and some are high risk players and some not. Satistics only are used for the cards delt to all. Black Jack is against the casino not other people. This changes your odds because you can bluff and etc. I do agree with the others who have made money over a year that it can be done. Riding the up and downs is something you have to accept similar to the stock market. So to each their own and good luck either way.
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Old 03-06-2011, 04:53 PM
 
787 posts, read 1,771,221 times
Reputation: 430
Quote:
Originally Posted by 50sd View Post
Since you said the OP needs to be slammed, I'll return the favor for your not knowing the difference between "you're" and "your." Fair is fair.
An honest typo, but yeah, you're right - that's embarrassing. My bad.
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